Form 4: Executive Chairman adds CNS stock via family trusts
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cohen & Steers (CNS): Executive Chairman and 10% owner Robert H. Steers reported multiple open‑market purchases of common stock on Oct 20–22, 2025, primarily through family trusts. Examples include the Robert H. Steers 2018 Revocable Trust buying 6,382 shares at a $69.50 weighted average and 5,557 shares at $71.30. The Hilltop GST Non‑Exempt Descendants' Trust reported buys such as 5,204 shares at $69.44 and 5,434 shares at $71.31. Post‑trade, indirect holdings shown include 7,060,084 shares (Revocable Trust) and 3,858,709 shares (Hilltop Trust).
Positive
- None.
Negative
- None.
Insights
Routine insider purchases via trusts; informational, not thesis‑changing.
Cohen & Steers disclosed Form 4 activity showing open‑market purchases by entities associated with Executive Chairman and 10% owner Robert H. Steers. Transactions were reported with weighted‑average prices across Oct 20–22, 2025, indicating buys in normal course.
The filing lists per‑trade amounts and prices (e.g., 6,382 at $69.50; 5,557 at $71.30) and updates indirect holdings for specific trusts. These are administrative ownership updates; actual market impact depends on transaction size relative to float, which isn’t provided in the excerpt.
Subsequent filings may provide additional context on cumulative ownership changes or any 10b5‑1 plan usage if applicable.
Insider Trade Summary
Net Buyer: 40,539 shares ($2,846,316)
Net Buy
13 txns
Insider
STEERS ROBERT HAMILTON
Role
Executive Chairman
Bought
40,539 shs ($2.85M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 6,668 | $69.87 | $466K |
| Purchase | Common Stock | 1,946 | $70.54 | $137K |
| Purchase | Common Stock | 6,643 | $69.87 | $464K |
| Purchase | Common Stock | 2,012 | $70.53 | $142K |
| Purchase | Common Stock | 5,557 | $71.30 | $396K |
| Purchase | Common Stock | 5,434 | $71.31 | $387K |
| Purchase | Common Stock | 6,382 | $69.50 | $444K |
| Purchase | Common Stock | 174 | $69.96 | $12K |
| Purchase | Common Stock | 5,204 | $69.44 | $361K |
| Purchase | Common Stock | 519 | $69.94 | $36K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 7,058,138 shares (Indirect, By the Robert H. Steers 2018 Revocable Trust);
Common Stock — 139,747 shares (Direct)
Footnotes (1)
- Represents the weighted average price. These shares were purchased in a series of transactions at prices ranging from $68.96 to $69.95. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission (the "SEC"), upon request, full information relating to the number of shares purchased at each separate price within the range set forth in this footnote. Shares owned by the Robert H. Steers 2018 Revocable Trust. Mr. Steers and a member of his immediate family serve as trustees of the trust. Mr. Steers disclaims beneficial ownership of these shares except to the extent of his pecuniary interest. Represents the weighted average price. These shares were purchased in a series of transactions at prices ranging from $70.85 to $71.48. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information relating to the number of shares purchased at each separate price within the range set forth in this footnote. Represents the weighted average price. These shares were purchased in a series of transactions at prices ranging from $69.39 to $70.38. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information relating to the number of shares purchased at each separate price within the range set forth in this footnote. Represents the weighted average price. These shares were purchased in a series of transactions at prices ranging from $70.39 to $70.70. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information relating to the number of shares purchased at each separate price within the range set forth in this footnote. Represents the weighted average price. These shares were purchased in a series of transactions at prices ranging from $68.89 to $69.80. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information relating to the number of shares purchased at each separate price within the range set forth in this footnote. Shares owned by The Hilltop GST Non-Exempt Descendants' Trust for the benefit of Mr. Steers' family. A member of Mr. Steers' immediate family and an independent third party serve as trustees of the trust. Mr. Steers disclaims beneficial ownership of these shares, and the filing of this Form 4 is not an admission that Mr. Steers is the beneficial owner of these shares for purposes of Section 16 or for any other purpose. Represents the weighted average price. These shares were purchased in a series of transactions at prices ranging from $69.92 to $69.98. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information relating to the number of shares purchased at each separate price within the range set forth in this footnote. Represents the weighted average price. These shares were purchased in a series of transactions at prices ranging from $71.01 to $71.48. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information relating to the number of shares purchased at each separate price within the range set forth in this footnote. Represents the weighted average price. These shares were purchased in a series of transactions at prices ranging from $69.40 to $70.39. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information relating to the number of shares purchased at each separate price within the range set forth in this footnote. Represents the weighted average price. These shares were purchased in a series of transactions at prices ranging from $70.40 to $70.70. The reporting person undertakes to provide the issuer, any security holder of the issuer, or the staff of the SEC, upon request, full information relating to the number of shares purchased at each separate price within the range set forth in this footnote. Shares owned by The Sunnyridge GST Exempt Family Trust for the benefit of Mr. Steers' family. A member of Mr. Steers' immediate family and an independent third party serve as trustees of the trust. Mr. Steers disclaims beneficial ownership of these shares, and the filing of this Form 4 is not an admission that Mr. Steers is the beneficial owner of these shares for purposes of Section 16 or for any other purpose. Shares owned by the Hamilton-Steers 2017 Trust FB Robert H. Steers, of which Mr. Steers is a beneficiary and trustee.
FAQ
What did Cohen & Steers (CNS) disclose in this Form 4?
Open‑market purchases of common stock by entities associated with Executive Chairman and 10% owner Robert H. Steers over Oct 20–22, 2025.
Which entities reported CNS purchases?
The Robert H. Steers 2018 Revocable Trust and The Hilltop GST Non‑Exempt Descendants' Trust reported multiple buys.
Were the prices single prints or ranges?
Several lines are weighted averages with ranges, such as $68.96–$69.95, $70.85–$71.48, and $69.40–$70.39.
Does this Form 4 indicate a 10b5‑1 trading plan was used?
The excerpt includes the 10b5‑1 checkbox language but does not indicate whether it was checked.